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Compliance North America Security Software

Relyance AI scores $25M Series A to ensure privacy compliance at the code level

– Relyance AI, an early-stage startup that is helping companies stay in compliance with privacy laws at the code level, announced a $25m Series A.
Menlo Ventures and Unusual Ventures led the round.
– Serial entrepreneur Jyoti Bansal from Unusual will join the board under the terms of the deal.
– Matt Murphy from Menlo is coming on as a board observer.
– The company has now raised $30m.

Infrastructure North America Security Software

Infrastructure access platform StrongDM raises $54M

– StrongDM has raised $54m in a series B round led by Tiger Global, with participation from GV, Sequoia Capital, True Ventures, HearstLab, Bloomberg Beta, and Godfrey Sullivan.
– The proceeds will be put toward supporting “all parts” of StrongDM’s go-to-market strategy over the coming months.
– StrongDM’s solution is a tool that manages and audits access to servers, databases, datacenters, and more.
– The Burlingame, California-based company combines authentication, authorization, networking, and observability into one service, delivering infrastructure access controls across legacy and multicloud environments.
– StrongDM was founded by Zalman, Schuyler Brown, and Justin McCarthy in 2015.

Information Technology Internet North America SaaS Security

SaaS data backup and recovery platform Rewind raises $65M

– Rewind, a data backup and recovery platform for software-as-a-service (SaaS) applications, has raised $65 million in a series B round of funding.
– The company is now valued at well over $1bn.
– Rewind historically offered data backup services for businesses running Shopify, BigCommerce, and Intuit QuickBooks, but earlier this year the company acquired BackHub to extend its support to GitHub and later added support for Trello.
– Gartner forecasts global “public cloud end-user spending” to grow 18% in 2021, of which SaaS remains the largest segment — it’s estimated to hit $117.7 billion this year, up from $101 billion in 2020.

Cyber Security North America Risk Management Security Software

BitSight raises $250M from Moody’s and acquires cyber risk startup VisibleRisk

– BitSight, a startup that assesses the likelihood that an organization will be breached, has received a $250 million investment from credit rating giant Moody’s.
– The investment will enable BitSight to create a cybersecurity risk platform.
Moody’s said it plans to make use of BitSight’s cyber risk data and research across its integrated risk assessment product offerings.
– BitSight acquired Israeli cyber risk assessment startup VisibleRisk for an undisclosed sum.

Cyber Security Fraud Detection Identity Management Information Technology North America Security

Transmit Security Announces Citi Ventures and Goldman Sachs Asset Management as Additional Investors on Its Record-setting $543 Million Series A Funding Round

– Transmit Security announced that Citi Ventures and the Goldman Sachs have joined the company’s most recent $543m Series A funding round, setting a new record in investment history as the largest Series A investment in cybersecurity.
– The Series A round was led by Insight Partners and General Atlantic with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– Previously bootstrapped, Transmit Security’s Series A funding round brings the company’s pre-money valuation to $2.2bn.
– Transmit Security will use the funding to increase the company’s global reach, expand its operations, and accelerate the company’s mission to help the world go passwordless.

Computer Enterprise Software Information Technology North America SaaS Security Software

Cloud directory service JumpCloud raises $159M as remote work booms

– JumpCloud, a cloud-based directory service used by enterprises such as Splunk, Square, and Matterport, has raised $159 million in a series F round of funding at a $2.56 billion valuation.
– In the IT sphere, directory services are a core component of network operating systems and are chiefly concerned with mapping, storing, locating, retrieving, and managing items across a network — including devices, user identities, accounts, files and folders, and more.
– The directory service enables companies to connect their workforce with the IT resources needed to execute their jobs.
– The market is largely dominated by Microsoft’s Active Directory, given that most endpoints have historically been Windows-based PCs, which remains the case when it comes to on-premise installations.

Cyber Security Internet North America Security Software

Open source security scanning platform Snyk raises $300M

– Snyk, a security scanning platform used by developers at companies like Google, Salesforce, Intuit, and Atlassian, announced a $530 million series F investment round that values the company at $8.5 billion.
– The transaction included primary and secondary investments, meaning Snyk only raised around $300 million in fresh capital, with investors buying existing shares for the rest.
– Snyk’s SaaS platform helps developers identify vulnerabilities and license violations in their open source codebases, containers, and Kubernetes applications.
– By connecting their code repository, be it GitHub, GitLab, or Bitbucket, Snyk customers gain access to a giant vulnerability database, which enables Snyk to describe the problem, point to where the flaw in the code lies, and even suggest a fix.

Cloud Infrastructure Cyber Security Security Southeast Asia

Borneo Raises $18M in Series A Funding

– Borneo is a Singapore-based real-time data security and privacy observability platform.
– Company raised $18m in Series A funding.
– The round was led by Vulcan Capital and Prosus Ventures.
– The new investment will be used to continue investing in its technology platform and customer demand.

Blockchain Network Security North America Security Software

Offchain Labs Raises $120M in Funding

– Offchain Labs is a NYC-based provider of scaling solutions for Ethereum.
– The company raised $120m in Series B funding.
– The round was led by Lightspeed Venture Partners with participation from Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research, Mark Cuban and others.
– The new funding will be used to scale the team, further develop the Arbitrum One ecosystem, build out new scaling solutions in its pipeline and invest in R&D.

Analytics Cyber Security Network Security North America Security Software

Corelight secures $75M Series D to bolster its network defense offering

– Corelight, a network detection and response (NDR) platform, raised $75m in Series D funding.
– The round was led by Energy Impact Partners and joined by Capital One Ventures, Crowdstrike Falcon Fund and Gaingels.
– The company plans to invest in growth and expects to raise additional capital in the future.

Advertising Analytics Big Data Business Intelligence Enterprise Software Fraud Detection North America Security

Marketing compliance firm Pixalate raises $18.1M

– Pixalate, the advertising analytics firm based in Palo Alto and London, announced a new round of $18.1 million of growth capital, increasing the total investment to date to $22.7 million.
– It plans to expand its tracking work to help enterprise organizations deliver better legal compliance and data privacy in the age of extreme AI-generated attacks and bot-directed ad fraud.
– Enterprise organizations lose millions in ad revenue thanks to fraud and bad actors. Detecting those kinds of behaviors has grown harder as fraudsters deploy better tools like so-called “headless browsers” such as Puppeteer. These tools were originally created to help programmers test their work, but they make it simple to write bots that visit the same pages and click on ads.

North America Security

D3 Security Raises $10M in Funding

– D3 Security is a Vancouver BC, Canada-based platform focused on security orchestration, automation and response (SOAR).
– The company raised $10M in funding.
– The round was led by Vistara Growth.
– The new investment will be used to continue to innovate through product development, scale to support its base of clients and partners, and expand sales and marketing efforts to capture the global demand for SOAR.

Investigations North America Security

BreachQuest Raises $4.4M in Seed Funding

– BreachQuest from Dallas TX develops incident response software.
– The company raised $4.4M in seed funding.
– The round was led by Slow Ventures, with participation from Tinder Founders Sean Rad, Justin Mateen and Lookout Founder Kevin Mahaffey.
– The new investment will be aimed at accelerating the development and rollout of its PRIORI platform.

Artificial Intelligence Computer Vision FinTech Identity Management Machine Learning North America Security Software

Contactless Digital Identity AI Platform Vouched Announces $4.5M Financing Round

– Vouched, the developer of proprietary, AI-powered, real-time identity verification services, announced it has closed a $4.5M funding round.
– The financing was led by leading digital tech entrepreneur Darrell Cavens, alongside strategic investments from both banking and legal services firms.
– Vouched’s management team and investors now recognize the potential to verify hundreds of millions of citizen identities globally.

Advertising Big Data Information Technology Privacy Security Western Europe

InfoSum Raises $65 Million Series B to Build the Next Generation of Data Collaboration

– InfoSum announced a $65m Series B financing round.
– The round was financed by Chrysalis Investments.
– The company will use the new funds to accelerate hiring across every aspect of the business, expand into new regions, and further the development of its platform.
– InfoSum has already set the industry standard for private and secure data collaboration.
– The company’s approach to customer data collaboration, called the ‘non-movement of data,’ has been validated by leading businesses increasingly focused on privacy, security, and the creation of owned customer identity platforms.
– Global enterprises rely on InfoSum to power privacy-safe data collaboration that drives better customer experiences, connecting customer records between and amongst companies, without ever sharing data.

Analytics Artificial Intelligence Cloud Security Content Cyber Security Enterprise Applications Machine Learning North America Privacy SaaS Security

Baffle Raises $20M in Series B to Protect Cloud Data with Celesta Capital as Lead Investor

– Baffle, Inc. announced that it has raised $20m in Series B funding led by new investor Celesta Capital, with contributions from National Grid Partners, Lytical Ventures and Nepenthe Capital, and follow-on investments from True Ventures, Greenspring Associates, Clearvision Ventures, Engineering Capital and Triphammer Ventures.
– Baffle’s no-code, simple-to-deploy security mesh takes a data-centric approach at cloud scale without a performance impact or changes to applications. Baffle is the only data-centric security solution that universally protects data as it’s created, stored and processed, from any source to any destination, on premises or in the cloud, no matter where it lives.

Cyber Security Internet of Things North America Security

Finite State Raises $30M Series B to Secure the Connected Device Supply Chain for Critical Infrastructure and Energy

– Finite State has raised $30m in Series B funding.
– The round was led by Energize Ventures and joined by Schneider Electric Ventures and Merlin Ventures.
– Finite State plans to use the funding to rapidly scale its data-driven approach to supply chain security to meet the demands of the market.
– Finite State recently added three security veterans to their executive team to accelerate the company’s growth.

Analytics Cyber Security Mobile North America Security

ReversingLabs raises $56M to combat software supply chain attacks

– ReversingLabs, a Cambridge, Massachusetts-based cybersecurity company developing threat detection and analysis solutions, has raised $56 million in series B funding round led by Crosspoint Capital Partners, with participation from ForgePoint Capital and Prelude.
– Cofounder and CEO Mario Vuksan says the fund, which bring the company’s total raised to $81 million, will be put toward scaling its sales and marketing efforts as it expands its global reach.
– Over the past year, there have been several high-profile incidents in which attackers have attempted to compromise enterprises through the software supply chain. According to a recent Anchore survey, 64% of companies were affected by.a supply chain attack in 2021 and 60% have made securing the software supply chain a top 2022 priority.

Artificial Intelligence Computer Vision Machine Learning North America Security Software Video

ZeroEyes Raises $20.9M in Series A Funding

– ZeroEyes from Philadelphia PA provides a proprietary weapons detection platform that protects schools, commercial buildings and government sites from active shooters.
– The company raised $20.9m in Series A funding led by Octave Ventures with participation from Legion Capital, Grateful Investments, Alliance Holdings, and Alpha Intelligence Capital.
– The new investment will be used for business expansion, product innovation, recruitment and further growth in North America.

FinTech North America Payments Privacy Security Software

Lithic Raises $60M in Series C Funding

– Lithic is a NYC-based card issuing platform for developers.
– The company raised $60m in Series C funding.
– The round was led by Stripes, with participation from Bessemer Venture Partners, Index Ventures, Exor, Rainfall, Tusk Venture Partners, and Commerce Ventures.
– The investment will be used to continue to grow, help the team scale and expand the platform through strategic acquisitions to enhance the product and its core offerings.

Compliance Cyber Security Fraud Detection Information Technology InsurTech Risk Management SaaS Security Software Western Europe

FRISS Raises $65 Million Series B Funding Led by Accel-KKR

– FRISS closed a $65m Series B funding round led by Accel-KKR, advised by FT Partners and endorsed by existing investor, Aquiline.
– The funding will fuel the company’s rapid growth with additional product innovations, deep market penetration and lines of business expansions.
– FRISS serves insurers in over forty countries today, and is well on track to deliver over $2 billion in fraud savings to insurers in 2021 alone.
– Insurance fraud is a large and growing problem faced by insurance companies, with estimates of fraud in as much as 10-17% of total claims paid annually – a staggering $80bn annual loss in the US insurance market alone.

Cloud Security Cyber Security Information Technology North Africa and the Middle East SaaS Security

Infinipoint Raises $11M in Funding

– Infinipoint from Tel Aviv provides a SaaS based device identity and security posture solution.
– The company raised $11m in funding.
– Backers included JAL Ventures, Emerge, Hetz Ventures and strategic investors and advisors – Ron Myers, former SVP of global channels for Palo Alto Networks; Pradeep Aswani, serial entrepreneur, US distribution and channel veteran and cybersecurity investor; Issy Ben-Shaul, serial entrepreneur, cloud technologies expert, and Director of Engineering at Google; and Ravi Ithal, founder of Netskope and founding engineer of Palo Alto Networks.

Cyber Security Network Security North America Privacy Security Software

Password management platform 1Password raises $100M as business booms

– Password management platform 1Password has raised $100m in an Accel-led round of funding at a $2bn valuation.
– The raise comes hot on the heels of a slew of product announcements from the Canadian company, including its expansion into secrets management to help enterprises secure their infrastructure; a new API that enables security teams to funnel 1Password sign-in data directly into cybersecurity tools such as Splunk; and a new Linux desktop app aimed at DevOps teams.
– The ultimate problem that 1Password is setting out solve is that the vast majority of data breaches are due to compromised passwords. 1Password targets businesses like Slack, IBM, and GitLab with a platform that allows users to store passwords securely and log into myriad online services with a single click. It can also be used to store other private documents, such as software licenses and credit card details.

Apps Cyber Security Developer Tools Identity Management Information Technology Mobile Apps North America Security

Decentralized identity authentication platform Magic raises $27M

– Magic announced it has raised $27 million in a series A round of funding to further commercialize its blockchain-powered identity authentication platform.
– The round, which was led by Northzone, featured a slew of high-profile VC and angel investors, including Tiger Global, Reddit cofounder Alexis Ohanian , and GitHub CTO Jason Warner.
– The company launched in 2018 as Fortmatic, and its founders include CEO and former Docker product lead Sean Li; former Yelp software engineer Arthur Jen; and Jaemin Jin, a former software engineer at Apple, Amazon, and Uber.
– The San Francisco-based firm rebranded as Magic last May as it exited stealth with $4 million in seed funding.
– In the 14 months since, Magic claims it has grown its developer user base tenfold.

Communities Hardware Homeland Security Machine Learning North America Security Software

Flock Safety Raises $150M in Series D Funding

– Flock Safety from Atlanta develops a public safety operating system for cities to work with private communities and law enforcement to eliminate crime, protect privacy, and mitigate bias.
– Series D $150m round was led by Andreessen Horowitz with participation from and Initialized, Meritech, Bedrock, and Matrix Partners.
– The new investment will be used to accelerate product development and expand the team to support every city across the country.

Blockchain Information Technology Messaging Privacy Security Western Europe

Nym gets $6M for its anonymous overlay mixnet to sell privacy as a service

– Switzerland-based privacy startup Nym Technologies has raised $6m.
– The round was led by Polychain Capital and joined by Eden Block, Greenfield One, Maven11, Tioga and 1kx.
– The company plans to use the funding to continue commercial development of network infrastructure.

Cloud Security Cyber Security Identity Management Information Technology North America Security

SecurEnds Raises $21M in Series A Funding

– SecurEnds from Atlanta develops cloud-native Identity governance platform with multiple modules to allow organizations to manage Credential Entitlement Management (CEM), Access Certifications, Cloud Infrastructure Entitlement Management (CIEM), Access Requests, Identity Risk & Analytics, and Segregation of Duty (SoD).
– The company raised $21M in Series A funding led by Elephant.
– The new investment will be used to scale operations and product development, and for geographic expansion into markets across Europe and Asia.

Computer Cyber Security Network Security North America Security Software

AttackIQ Announces $44 Million in Series C Funding to Fuel Global Growth and Vision of Security Optimization

– AttackIQ announced a $44m Series C funding round led by Atlantic Bridge.
– The company announced that Kevin Dillon, Co-Founder and Managing Partner at Atlantic Bridge, has also joined the AttackIQ Board of Directors.
– The new funding comes at a dynamic time for the company, which has recently accelerated its international expansion efforts throughout Europe, the Middle East and Africa (EMEA), as well as the Asia Pacific and Japan (APJ) regions.
– AttackIQ is deeply committed to giving back to the global cybersecurity community.
– With more than 17,300 registered students to date in 176 countries, AttackIQ Academy provides free entry-level and advanced cybersecurity training and hands-on cyberrange labs, so CISOs can keep their teams knowledgeable on the latest cybersecurity attack methods and defense strategies.

Biometrics Cyber Security Fraud Detection Identity Management Latin America Security

VU raises $12M to remove cybersecurity friction from digital experiences

– Argentina-based fraud and identity protection company VU raised $12m in Series B funding.
– The round was led by Globant and joined by Agrega Partners, NXTP Ventures, Bridge One, the IDB Lab and Telefónica.
– The company has total venture-backed investments of $20m.
– VU’s technology takes a person’s “online persona” and uses geolocation, biometrics and user behavior analysis to provide identity verification for users and enable a continuous authentication process that sees and connects the users’ online and offline personas.

North America Security Software

r2c raises $27M to scale its security-focused code analysis service

– r2c, a startup building a SaaS service around the Semgrep open-source project, announced that it has closed a $27 million Series B.
Felicis led the round, which the company said was a pre-emptive deal.
– Prior investors firms Redpoint and Sequoia also participated in the fundraising event; r2c last raised a $13 million Series A in October of 2020.
– The startup fits into several trends that TechCrunch has explored in recent quarters, including what appears to be a growing number of open-source (OSS) grounded startups raising capital, more rounds coming to exist thanks to investors looking to get the jump on inside rounds before they can form.

Cloud Security Network Security North America Security Software

Noname Security nabs $60M to protect APIs

– Noname Security, a cybersecurity platform that allows enterprises to manage APIs, closed a $60m series B funding round led by Insight Partners, with Next47, Forgepoint, TSG, Cyberstarts, and Lightspeed Venture Partners participating.
– It brings the company’s total raised to $85m and will be used to scale Noname’s go-to-market and customer success efforts as well as its product and R&D teams.
– APIs, the connectors that clouds and apps use to communicate with each other, will become the cyberattacker’s target of choice, according to Gartner. The analyst firm predicts that by 2022, API attacks will be the most frequent attack vector across the enterprise.
– API vulnerabilities can take many forms, from a developer’s forgotten side project to a software interface improperly configured.

Information Technology North America Security Software

Symmetry Systems nabs $15M to block data breaches

– Symmetry Systems, a platform that detects, responds, and protects against data breaches, announced that it raised $15 million in series A financing led by Prefix Capital and ForgePoint Capital.
– The company says that the investment will support its growth initiatives, particularly in the areas of customer acquisition and recruitment.
– Data breaches can be crippling for businesses. According to IBM, the global average cost of data compromise is $3.9 million, and typical breaches at publicly traded companies are estimated to cost $116 million.
– The vast majority of these breaches are preventable — consultancy Willis Towers Watson finds that over 90% of cybersecurity breaches are due to human error. But more than 77% of organizations don’t have an incident response plan, and most targets take six months to detect even large breaches.

Cyber Security Fraud Detection Identity Management Information Technology North America Security

Transmit Security Secures $543M in Series A Funding

– Transmit Security, a Tel Aviv, Israel- and Boston, MA-based Identity Experience company, raised $543m in Series A funding.
– The round was led by Insight Partners and General Atlantic, with participation from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– The new investment will be used to increase the company’s reach and expand its primary business functions, investing in key global areas in order to grow the organization.

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